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Middlesex 08820
347 Plainfield Road
$1,605,129
● House - Off Market

347 Plainfield Road

Edison, NJ 08820
bedrooms
5 Beds
bathrooms
7 Baths, 1 Half Bath
$1,491,598
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Location,Location,Location..  EAST Facing Bright & Sunny house in North Edison.Unique  plan  and One Of A Kind Luxury Custom Home. This custom home with Half acre lot/Well Maintained house/Excellent North Edison Schools, Close to Train,Shopping Areas & Oak tree Rd  & JFK Hospital. & Major Highways.Best quality used by the best builder with stunning interior in a highly desirable neighborhood! Custom and thoughtful details throughout, rich and luxurious amenities like Custom kitchen from Italy/Sub Zero Appliances/Custom Mosaic tile/ Two Office rooms/Sauna room/entertainment room and much more..Featuring an ideal plan, high ceilings, generator, fully finished basement with huge  kitchen/3 bonus rooms with 2 full bath/gym room/sauna/Cigar Room/2 boiler/3 sump pump/four zone heat/Ac and much more.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$2,416
HOA Dues
-
Year Built
2007

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 years ago (CJMLS #2313493R)

Price History

Date / Event Date Event Price
Aug 31, 2023 Sold
Premium
Sold
Jul 25, 2023 In contract -
In contract
Jun 12, 2023 Listed by WEICHERT CO REALTORS $1,500,000
Listed by WEICHERT CO REALTORS

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 4,828
  • Building Area: 4,828
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 4,828
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Edison Township School District
  • Census Tract: 001415

Zoning

  • Zoning: RA

Geography

  • Assessors Map Reference: TAX MAP 135
  • Account Number: 00024728
  • District: 05
  • Parcel: 05 01012-0000-00004
  • Block: 1012
  • Lot: 4
  • Municipality: EDISON TWP
  • Latitude: 40.5643
  • Longitude: -74.374

    Address

  • Full Address: 347 Plainfield Rd
  • Address - House Number: 347
  • Address - Street Name: Plainfield
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Edison
  • Carrier Code: C056
  • 4-Digit Zip Code: 3049
  • Zip Code: 08820

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,898,716

    Appraisal Valuation

  • Standard Deviation: 0.1517
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 1,239,383
  • High Value: 1,427,465
  • Low Value: 1,051,301

    Market Valuation

  • Market Total Value: $504,000
  • Market Land Value: $104,000
  • Market Improvement Value: $400,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $504,000
  • Assessed Land Value: $104,000
  • Assessed Improvements Value: $400,000

    Sales

  • Current Sale Contract Date: Aug 29, 2023
  • Current Sale Recording Date: Sep 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 53725
  • Previous Sale Recording Date: Oct 31, 2000
  • Previous Sale Contract Date: Oct 17, 2000
  • Previous Sale Amount: $260,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Middlesex

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$346

Below Asking

0.01%

Average Days on Market

69

Average Home Size

1591 ft²

Average Home Age

30.4 years

Currently For Sale

2885 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 742 Grove Avenue, Edison, NJ, 08820

$4,200 /mo

  • 6 Beds
  • 3 Baths
  • 2,765 ft²
742 Grove Avenue, Edison, NJ, 08820 Listing by DEIRDRE HICKEY-SEDOR

Rentals Near You

Click here to view more rentals in the neighborhood.
CJMLS

Listed by: TRUSHA SONI
WEICHERT CO REALTORS
Last Updated: 4 years ago
Data Source: CJMLS , MLS# 2313493R

Frequently Asked Questions

When was property at 347 Plainfield Road built and last sold?
The property at 347 Plainfield Road was built in 2007 and last sold on Aug 29, 2023 for $1,605,129.
How much is this home worth?
The estimated value of the home located at 347 Plainfield Road is $0.
What are some comparable homes to 347 Plainfield Road?
There are currently no comparable homes to 347 Plainfield Road.
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